Skip to main content
Article
China’s Profits and Losses from Currency Intervention, 1994-2011
Pacific Economic Review
  • Hailong Jin, Iowa State University
  • E. Kwan Choi, Iowa State University
Document Type
Article
Publication Version
Submitted Manuscript
Publication Date
1-1-2014
DOI
10.1111/1468-0106.12059
Abstract
China's currency policy has been criticized for its apparent pursuit of mercantile advantage by artificially stimulating exports, with potential adverse effects on other economies. While China's currency policy may have positive output effects, there may be additional profits or losses. This paper computes the annual and cumulative accounting profits from currency intervention since 1994 when China began its currency intervention. It is shown that profits initially were positive but since 2007 China has lost a massive amount from the currency market.
Comments

This is the peer reviewed version of the following article: Hailong Jin and Choi, E. Kwan, “China’s Profits and Losses from Currency Intervention, 1994-2011,” Pacific Economic Review 19 (2014), 170-83., which has been published in final form at http://dx.doi.org/10.1111/1468-0106.12059. This article may be used for non-commercial purposes in accordance With Wiley Terms and Conditions for self-archiving

Copyright Owner
Wiley Publishing Asia Pty Ltd.
Language
en
File Format
application/pdf
Citation Information
Hailong Jin and E. Kwan Choi. "China’s Profits and Losses from Currency Intervention, 1994-2011" Pacific Economic Review Vol. 19 (2014) p. 170 - 183
Available at: http://works.bepress.com/ekwan-choi/14/